10.5.8.40 Proportional Income - Agreement with Canada
Proportional income
Article 7 of the Agreement with Canada provides that only a proportion of any Canadian benefit is assessed as income. This concessional treatment only applies when the person's Australian benefit is proportionalised (10.5.8.20). For the general method of working out proportional income, see 10.1.9.40.
Act reference: SS(IntAgree)Act Schedule 4 Canada
Policy reference: SS Guide 10.1.9.40 Calculating Proportional Income under Agreements